ZAKAT ON INCOME-GENERATING ASSETS: A JURISPRUDENTIAL STUDY

This study aims to clarify the concept of zakat on income-generating assets and its juristic rulings in light of the ijtihad of classical and contemporary jurists, with reference to applied models. The study addresses the definition of income-generating assets, their types, the ruling of zakat on them, and the juristic disagreement regarding the method of zakat payment. The study adopts a descriptive-analytical approach through the analysis of juristic texts and resolutions of contemporary fiqh academies.Background of the Study The concept of income-generating assets in its current expansive form was not widely known in early periods; however, classical jurists discussed analogous cases within chapters of zakat, such as zakat on trade goods and agricultural produce. With modern urban and investment expansion, income-generating assets have become one of the most prominent sources of income, which prompted fiqh academies to issue new rulings and juristic resolutions to regulate their zakat.Zakat on income-generating assets is among contemporary jurisprudential issues that emerged with the development of modern economic activities such as rental properties, factories, transportation means, and hotels. This economic development raised juristic questions regarding their zakat liability, calculation method, and timing of payment, which motivated this research.